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4 Reasons to Buy this Winter 2019

1. Prices Will Continue to Rise CoreLogic’s latest Home Price Index reports that home prices have appreciated by 6.8% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 5.1% over the next year. The bottom in home prices has come and gone. Home values will […]

How Low Interest Rates Increase Your Purchasing Power

How Low Interest Rates Increase Your Purchasing Power

According to Freddie Mac’s Primary Mortgage Market Survey,interest rates for a 30-year fixed rate mortgage have increased by half of a percentage point, to around 4.5%, in 2018. This is still significantly lower than recent history. The interest rate you secure when buying a home not only greatly impacts your monthly housing costs, but also […]

2 Myths That May Be Holding You Back From Buying

2 Myths That May Be Holding You Back From Buying

There are many misconceptions about buying a home that are believed to be true. Let’s take a look at two of the more common ones that may be holding you back from buying today. Myth #1: “I Need a 20% Down Payment” Buyers often overestimate the down payment funds needed to qualify for a home […]

Buying a Home is Cheaper Than Renting in Grand Rapids

Buying a Home is Cheaper Than Renting in Grand Rapids

The results of the 2018 Rental Affordability Report from ATTOM show that buying a median-priced home is more affordable than renting a three-bedroom property in 54% of U.S. counties analyzed for the report. The updated numbers show that renting a three-bedroom property in the United States requires an average of 38.8% of income. The least […]

Megan Stombaugh: Movin’ On Up!

Megan Stombaugh: Movin’ On Up!

Megan Stombaugh our wonderful Inside Sales Agent, is now honing her skills towards buyers now. Megan is a spirited Buyer’s Agent that is new to the Homes by Hazard team. Born and raised in NW Indiana, she has lived in Grand Rapids and the surrounding areas for over 10 years. She graduated from Northview High […]

Mortgage Rates are Rising… Will Home Prices Follow?

Mortgage Rates are Rising… Will Home Prices Follow?

Freddie Mac published an Insight Report titled “Nowhere to go but up? How increasing mortgage rates could affect housing.” The report focused on the impact the projected rise in mortgage rates might have on the housing market this year. Many believe that an increase in mortgage rates will cause a slowdown in purchases which would, […]

61% Of First-Time Buyers Put Down Less Than 6%

According to the Realtors Confidence Index from theNational Association of Realtors, 61% of first-time homebuyers purchased their homes with down payments below 6%. Many potential homebuyers believe that a 20% down payment is necessary to buy a home and have disqualified themselves without even trying. The median down payment for all buyers in 2017 was […]

5 Reasons Homeownership Makes ‘Cents’

5 Reasons Homeownership Makes ‘Cents’

The American Dream of homeownership is alive and well. Recent reports show that the U.S.homeownership rate has rebounded from recent lows and is headed in the right direction. The personal reasons to own differ for each buyer, but there are many basic similarities. Today we want to talk about the top 5 financial reasons you […]

Advice for First Time Grand Rapids Home Buyers

Pre-Qualification:  Meet with a mortgage broker and find out how much you can afford to pay for a home. Pre-Approval: While knowing how much you can afford is the first step, sellers will be much more receptive to potential buyers who have been pre-approved. You’ll also avoid being disappointed when going after homes that are […]